Skip to main content

US, Japan and South Korea lead the world in crypto interest: Report



The U.S., Japan and South Korea lead the world in crypto interest. This is according to the latest study into cryptocurrency trends worldwide. The study, conducted by crypto outlet The Block, showed that five countries account for half the traffic for the 48 most popular digital currency exchanges.

The U.S. was the undisputed leader of the pack, the poll found. The country accounted for 24.5% of the total traffic to the exchanges over the six months that the poll was conducted. The country has always been a world leader in the adoption of new technology, and cryptocurrencies have proven to be no different.

In second place was economic giant Japan. The country, which was the first major economy to recognize cryptocurrency as a legal method of payment, had a 10% share of the traffic. South Korea at 6.5%, Indonesia at 4.5% and India at 4.2% rounded up the top five. China, Germany, the United Kingdom, Russia and Brazil were the other countries in the top ten.

However, the rankings changed significantly when the researchers took the population of a country into consideration. With a population of 327 million, the U.S. was no longer at the top. Instead, Singapore came out top. The Asian country is recognized as one of the top global financial hubs and it has lived up to its name according to the study. In second place once again was Japan, with Switzerland ranking third.

The study also ranked crypto interest by regions and as expected, North America came out top. With Canada and the U.S. quickly taking to digital currencies, the regions is way ahead of its peers. Europe was second, with Oceania, Asia, South America and Africa rounding up the list respectively.

While the study provided an insight into the interest levels in cryptos, its data wasn't a perfect representation of the crypto market. For one, in some countries, the cryptocurrency exchange industry hasn't quite matured. Moreover, the established crypto exchanges have shunned some regions and thus crypto enthusiasts turn to peer-to-peer trading platforms such as LocalBitcoins. For instance, Coinbase still doesn't provide its services to African countries despite expanding to 60+ countries globally.

The data was also skewed by the fact that some countries have either outlawed cryptos completely or have discouraged their citizens from trading. China is a prime example, with the country becoming hostile to cryptos in the past few years. Citizens in such countries turn to VPNs to avoid the censorship, skewing the data against them and for some other countries.

Comments

Popular posts from this blog

What is iDice?

iDice is a dice betting Dapp fueled by the use of the Ethereum organize. eg. iDice lets in players do several things and having such an innovative new token on the ETHEREUM Platform, we had to write an article about this new project. Guess on the space by the use of keeping up iDice tokens and best of all 100% of all benefit iDice acquires is dispersed among token holders, related to the amount of tokens they dangle. iDice amusement code is decentralized and changeless. Such gigantic building fees highlight a rising requirement for experienced, fair and cast Dapps. iDice iDice is an control which gives a provably affordable and simple, virtual Ethereum dice betting Dapp. The house edge will be set intensely and token holders have an atypical esteem that is dependably equiva- loaned to the house edge. iDice has a fully simple provide code accessible at etherscan.io. The payout of recreations is many times speedy. Provably Fair iDice uses open provide blockchain...

DENT: THE World First Tokenizing Portable Information Trade

You may be confused on all the exciting Ethereum projects, but therefore i make sure to follow allof them and choose the best for you. If you want to read about a more interesting project, then DENT is the way to go. I will be able to advice on a few tokens that can be bought out there which clearly we likewise might occu : Estimated token incentive on ETH presented within the token deal: 152,000 ETH (Relying on sorts via crowdsale) 100 Billion (100,000,000,000) the amount of DENT Tokens made, of which 70% is bought on token deal, a minimum of 35% can be stored for customers with littler spending plans. For the ones of you who're eager about ico smartcontract prolong that we regularly listen in non-obligatory cryptographic cash or altcoin without a doubt no longer outdoor to the workings of undertakings like this. Evaluated swapping scale: 1 ETH = 400,000 DENT 30% will keep on DENT Wi-fi for DENT shopper motivating forces and compensations Bills may well be made via ETH...

Fake Libra scams pose new challenge for Facebook

Almost a year after Facebook's Libra was first announced, the outlook for the stablecoin looks starkly different. Once hailed as a game-changer for digital currency, the project has been beset by delays and regulatory difficulties. Now, fake Libra scams are presenting an increasingly pressing new challenge for Libra and Facebook, with a proliferation of websites claiming to offer investment schemes denominated in fake Libra tokens. Dante Disparte, Deputy Chairman and Head of Policy and Communications for The Libra Association, said the organization was now constantly working to suppress fake Libra scams: "As we become aware of these sites, we work diligently to address them. We respond to inquiries concerning the validity of these pages, indicating that the only official website is Libra.org." "We are still in the early stages of this project and work to address issues like these as they arise," Disparte told Finance Magnates, urging people to report the scams. ...